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ispace, inc., First Half Net Income Turns to Loss, July-September Net Income Turns to Loss

Tue Nov 12, 2024 3:45 pm JST Earnings

9348 ispace, inc. 【J-GAAP】

Earnings Report

ispace, inc. <9348> [TSE-G] announced its financial results after the market closed on November 12th (15:45). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 6.39 billion yen (compared to a profit of 1.53 billion yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the October to March period (second half) is expected to expand to a loss of 6.07 billion yen (compared to a loss of 3.9 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 4.81 billion yen (compared to a profit of 2.91 billion yen in the same period last year). The operating profit/loss margin drastically worsened from -181.0% in the same period last year to -203.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 1,330 -2,041 -2,257 1,537 19.2 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 1,342 -3,734 -5,790 -6,391 -68.6 ー Nov 12, 2024 J-GAAP
YoY +0.9% -82.9% -156.5% － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 1,342 -3,734 -5,790 -6,391 -68.6 0 Nov 12, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,027 -3,460 -3,840 -3,903 -47.9 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,691 -9,431 -6,672 -6,075 -59.0 0 Nov 12, 2024 J-GAAP
YoY +162.0% -172.6% -73.8% -55.6% -23.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 989 -11,023 -11,378 -11,398 -211.5 0 May 15, 2023 J-GAAP
Mar, 2024 2,357 -5,501 -6,097 -2,366 -29.1 0 May 10, 2024 J-GAAP
Mar, 2025 Guidance 4,033 -13,165 -12,462 -12,466 -121.1 0 May 10, 2024 J-GAAP
YoY +71.1% -139.3% -104.4% -426.9% -316.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 515 -932 -882 2,911 36.3 -181.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 496 -1,707 -2,333 -2,373 -29.4 -344.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 531 -1,753 -1,507 -1,530 -18.8 -330.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 635 -2,295 -1,576 -1,579 -17.0 -361.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 707 -1,439 -4,214 -4,812 -51.6 -203.5 Nov 12, 2024 J-GAAP
YoY +37.3% -54.4% -377.8% － －

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